Icon Offshore shares to trade on normal basis from next Monday

PETALING JAYA: Icon Offshore Bhd shares will have its designated securities status uplifted with effect from 9am on Feb 17, according to a statement from Bursa Securities Bhd.

“The securities of Icon will be traded as normal on a ready basis where delivery and settlement of trades will be conducted in accordance with the T+2 settlement cycle,” the market regulator said.

It also noted that it will continue to monitor the trading activities of the securities and “will not hesitate” to take the necessary regulatory action if there is excessive speculation in the trading post upliftment.